Author: Bhupesh Agrawal

Indias sponge iron (DRI) prices increased by INR 100-600/t d-o-d across major regions. Trade volumes estimated around 30,000 t. BigMint’s billet index increased by INR 950/t day-on-day to INR 42,200/t exw-Raipur and trade volume estimated around 7,000 t. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was…